Your Hometown Reverse Mortgage Consultant based in Covina, CA
Your Hometown Reverse Mortgage Consultant based in Covina,
CA
Catherine Hall
Your Hometown Reverse Mortgage Consultant based in Covina, CA
Your Hometown Reverse Mortgage Consultant based in Covina,
CA
I have worked exclusively in the reverse mortgage business since 2016 and I truly love my work. With a passion for helping others, I entered the reverse mortgage space hoping to help other senior homeowners achieve their financial goals by using reverse mortgage loans to unlock their own home equity...
Your Starting Point to Reverse Mortgages
COMMON MISCONCEPTIONS
MYTH: Taxes have to be paid on money received from a reverse mortgage.
Nope! Proceeds from a reverse mortgage are not considered income, and are therefore not taxable. The money from a reverse mortgage comes from your home’s equity, which already belongs to you, so it’s not considered income. Plus, the interest on a reverse mortgage can be tax-deductible when it’s repaid.
MYTH: Your heirs can’t inherit the home with a reverse mortgage.
Nope! You will still be able to pass the home on to your kids. Just like any other mortgage, they can inherit the house. When the loan becomes due, they can decide how to repay the loan balance.
MYTH: Reverse mortgages should only be used as a last resort.
That’s incorrect! A reverse mortgage is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage to delaying Social Security benefits, or even establishing an emergency line of credit, it’s a flexible product that gives you options.
MYTH: A reverse mortgage interferes with Social Security and Medicare benefits.
False! Government entitled programs such as Social Security and Medicare are not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor to learn more.
MYTH: Reverse mortgages are expensive.
Here’s the truth – reverse mortgage loan origination costs and interest rates are comparable to those of traditional mortgages. They do not require large out-of-pocket expenses. There are FHA insurance costs that some traditional mortgages don’t require, but the insurance benefits are well worth the relatively small cost.
MYTH: With a reverse mortgage, the bank takes your home.
That’s false! With a reverse mortgage, the homeowner keeps the title to the home in their name. The lender simply adds a lien onto the title to guarantee that the money will eventually be paid back when the loan becomes due.
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How it Works
For many Americans, their home is their biggest asset, and the one they have invested the most in throughout their lives. And a Home Equity Conversion Mortgage (HECM), or "reverse mortgage," can allow senior homeowners to tap into some of this hard-earned home equity – for another source of cash to help fund retirement, counteract the effects of inflation, and live more comfortably.
Let’s Get Social
FINANCIAL PROFESSIONALS >> EARN 2 ETHICS CE CREDITS! Join us December 18 for a special webinar that fulfills the Certified Financial Planner Board of Standards’ required learning objectives for Ethics continuing education. This session has been designed to educate CFP®️ professionals on CFP Board's new Code of Ethics and Standards of Conduct effective October 1, 2019. Don’t wait – register now! https://attendee.gotowebinar.com/register/6950418062703200855?source=LoanOfficer #Longbridge #webinar #CFP #CFPprofessional #Ethics #FinancialProfessional #CEcredit #financialplanning
Wishing you and your loved ones a happy holiday season! May your hearts be filled with warmth and happiness as you spend time with your loved ones.
At this time of Thanksgiving celebration, our thoughts turn gratefully to you with warm appreciation. Best wishes for a Happy Thanksgiving. #Thanksgiving
Feast on Savings: Your Guide to a Budget-Friendly Thanksgiving
Thanksgiving should be about giving thanks with your loved ones, not stressing about your budget. With a little planning and smart shopping, you can savor both the feast and the savings. Check out our #blog for money-saving tips ahead of Turkey Day!
As more older Americans retire and buy homes that better suit their lifestyles, Reverse for Purchase financing offers a unique opportunity to grow your business. Yet, only 33% of real estate and mortgage professionals are talking about it with their clients. Don’t miss out! Dive into our report with HousingWire to learn how this tool can boost purchasing power for seniors and create more business for you. Access the Report 👉 https://lbfreverse.co/addressing-the-lack-of-understanding-around-reverse-for-purchase #SeniorHousingMarket #ReverseMortgage #ClientGrowth #RealEstateSuccess #SeniorClients #Longbridge #HousingWire
🎓 Financial Professionals Earn CE Credit 🎓 Navigating today’s real estate market can be daunting for your older clients. Reverse mortgage for purchase financing might be the key they need to unlock better housing options. Join Longbridge Purchase & Builder Sales Leader, Rob Cooper, for a complimentary CE webinar and discover how this financial tool can benefit your older clients. Attendee will learn: ✅ Insights on reverse for purchase financing vs. traditional financing ✅ Benefits including seller concessions and non-recourse features ✅ Ways to enhance liquidity and safeguard portfolios while buying a new home ✅ Why older buyers prefer this method to increase their housing choices REGISTER NOW >> https://attendee.gotowebinar.com/register/7474977467528490586?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homefinancing #reverseforpurchase
FINANCIAL PROFESSIONALS >> EARN 2 ETHICS CE CREDITS! Join us December 18 for a special webinar that fulfills the Certified Financial Planner Board of Standards’ required learning objectives for Ethics continuing education. This session has been designed to educate CFP®️ professionals on CFP Board's new Code of Ethics and Standards of Conduct effective October 1, 2019. Don’t wait – register now! https://attendee.gotowebinar.com/register/6950418062703200855?source=LoanOfficer #Longbridge #webinar #CFP #CFPprofessional #Ethics #FinancialProfessional #CEcredit #financialplanning
Wishing you and your loved ones a happy holiday season! May your hearts be filled with warmth and happiness as you spend time with your loved ones.
At this time of Thanksgiving celebration, our thoughts turn gratefully to you with warm appreciation. Best wishes for a Happy Thanksgiving. #Thanksgiving
Feast on Savings: Your Guide to a Budget-Friendly Thanksgiving
Thanksgiving should be about giving thanks with your loved ones, not stressing about your budget. With a little planning and smart shopping, you can savor both the feast and the savings. Check out our #blog for money-saving tips ahead of Turkey Day!
As more older Americans retire and buy homes that better suit their lifestyles, Reverse for Purchase financing offers a unique opportunity to grow your business. Yet, only 33% of real estate and mortgage professionals are talking about it with their clients. Don’t miss out! Dive into our report with HousingWire to learn how this tool can boost purchasing power for seniors and create more business for you. Access the Report 👉 https://lbfreverse.co/addressing-the-lack-of-understanding-around-reverse-for-purchase #SeniorHousingMarket #ReverseMortgage #ClientGrowth #RealEstateSuccess #SeniorClients #Longbridge #HousingWire
🎓 Financial Professionals Earn CE Credit 🎓 Navigating today’s real estate market can be daunting for your older clients. Reverse mortgage for purchase financing might be the key they need to unlock better housing options. Join Longbridge Purchase & Builder Sales Leader, Rob Cooper, for a complimentary CE webinar and discover how this financial tool can benefit your older clients. Attendee will learn: ✅ Insights on reverse for purchase financing vs. traditional financing ✅ Benefits including seller concessions and non-recourse features ✅ Ways to enhance liquidity and safeguard portfolios while buying a new home ✅ Why older buyers prefer this method to increase their housing choices REGISTER NOW >> https://attendee.gotowebinar.com/register/7474977467528490586?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homefinancing #reverseforpurchase
About Me
Originally from Canada, I now call the great state of California my home. I have a bachelor's degree in sociology from McMaster University in Hamilton, Ontario, Canada. I have worked exclusively in the reverse mortgage business since 2016 and I truly love my work. With a passion for helping others, I entered the reverse mortgage space hoping to help other senior homeowners achieve their financial goals by using reverse mortgage loans to unlock their own home equity. Although reverse mortgages are a powerful financial tool for seniors, few people fully understand all the benefits and safeguards of the program. Outside of work, I enjoy cooking and delivering meals to seniors, neighbors, and others in need. I am a proud mother of twin daughters who are successful in both teaching and tennis. It would be my honor and pleasure to connect with you and provide more information on the power of reverse mortgage loans. Contact me today to learn more!
Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans made or arranged pursuant to a California Financing Law license. For California consumers: For information about our privacy practices, please visit https://www.longbridge-financial.com/privacy. Branch Address: 336-340 S. Citrus, Covina, CA 91723; Branch NMLS #: 2369412; Phone #: 949-409-6574